LVComply

Comprehensive Non-Discrimination Testing System

LVComply is a complete non-discrimination testing system designed to perform all required tests under the Internal Revenue Code (IRC) including the Participation Test under §401(a)(26), the Coverage Tests under §410(b), the General Non-Discrimination Test under §401(a)(4), the Compensation Test under §414(s), the Average Deferral Percentage (ADP) Test under §401(k), the Average Contribution Percentage (ACP) Test under §401(a)(m), testing of non-profit organizations under §403(b), and the Top Heavy Test under §416. LVComply is completely menu driven with context-sensitive help, on-line documentation, and requires no programming by the user. Benefits, participation dates, retirement dates, highly compensated employee status (HCE/NHCE), and key employee status can be generated by LVComply, imported directly from a spreadsheet with our excel macro, or determined by our pension administrative system (LVAdmin) or pension valuation system (LVVal).

FEATURES

Normalization of benefits to life annuity at retirement age

Option to include permitted disparity

Normal and most valuable accrual rates for defined benefit plans including early retirement subsidies

Testing on either a contribution or benefit basis, including cross-testing.

Automatic plan restructuring. If the plan does not pass, it is then regrouped based on the permitted rounding rules

Aggregation of up to 9 plans for testing, including the combining defined benefit plans with defined contribution plans

All standard mortality tables prescribed by the regulations are provided. Any standard interest rate can be selected.

Annual, projected, and accrued to date testing methods included

Determination of required refunds under ADP/ACP testing

Ability to select separate actuarial equivalence by plan.

All standard mortality rates are included. The user can enter any non standard rates not included.

OUTPUT INCLUDES

Individual listing of normal and most valuable accrual rates for each employee with supporting data for ease in checking results.

A table displaying the number of HCEs and NHCEs in each rate group with an option to list the participants in a specified group. The ratio percentage is displayed for each group and whether the group meets the midpoint or not.

Summary report for all selected tests and whether the plan passes or fails each test.

Additional information is provided to test the plan on a facts and circumstances basis should the plan not pass under plan restructuring and regrouping

Census listing to verify input data.

Individual listing of benefits and contributions used for determining the top heavy status of a plan with identification of key employees

Individual listing of data used to determine HCE status and identification of HCEs

Ability to create custom reports from detailed information stored in the database.